Karnataka Bank Ltd

Karnataka Bank has appointment of Raghavendra S Bhat as the Managing Director & CEO of the Bank. The appointment is effective from 16 July 2025 for a period of three months. Raghavendra S Bhat has previously held key positions including COO at Karnataka Bank for nearly 4 decades.Powered by Capital Market - Live

According to an exchange filing, the board approved Bhat's appointment for a term of three months or until the appointment of a regular MD & CEO, whichever is earlier, based on the approval received from the Reserve Bank of India (RBI). Prior to this, Raghavendra Srinivas Bhat served as the Chief Operating Officer (COO) of the bank. He has resigned from the role of COO with effect from the close of business hours on 15 July 2025. Raghavendra Srinivas Bhat began his career at Karnataka Bank in 1981 as a clerk. He has spent 38 years with the bank. He rose through the ranks and served as COO in the CGM cadre until 2019. During his time there, he managed various key functions, including HR, IT and digital banking, treasury, forex operations, insurance (third-party products), and rural economy. The bank credited his leadership and strategic vision as significant in shaping high-level decisions. Karnataka Bank, a leading 'A' Class Scheduled Commercial Bank in India, was incorporated on 18th February 1924 at Mangaluru. The bank fell 3.90% to Rs 199.40 after the bank's net profit fell 7.97% year-on-year to Rs 252.37 crore in Q4 March 2025. The bank's total income rose 2.55% YoY to Rs 2,686.69 crore in Q4 FY25. Powered by Capital Market - Live

Srikrishnan Hari Hara Sarma resigned citing personal reasons, including his decision to relocate back to Mumbai. The bank's executive director, Sekhar Rao has also submitted his resignation citing inability to relocate to Mangaluru and other personal reasons. The resignation has been accepted by the board and will be effective from 31 July 2025. Additionally, the board has approved the appointment of Raghavendra Srinivas Bhat as the chief operating officer (COO), effective from 2 July 2025. The bank has formed a search committee to identify suitable candidates for the position of a new MD & CEO as well as a new executive director. Karnataka Bank, a leading 'A' Class Scheduled Commercial Bank in India, was incorporated on 18th February 1924 at Mangaluru. The Bank fell 3.90% to Rs 199.40 after the bank's net profit fell 7.97% year-on-year to Rs 252.37 crore in Q4 March 2025. The bank's total income rose 2.55% YoY to Rs 2,686.69 crore in Q4 FY25. Powered by Capital Market - Live

The Board of Directors of Karnataka Bank has accepted the resignation of the Bank's Managing Director & CEO, Srikrishnan Hari Hara Sarma earlier today. The resignation will be effective from 15 July 2025. Sarma has cited personal reasons, including his decision to relocate back to Mumbai, for his resignation. The Bank's Executive Director, Sekhar Rao has also submitted his resignation citing inability to relocate to Mangaluru and other personal reasons. The resignation has been accepted by the Board and will be effective from 31 July 2025.Powered by Capital Market - Live

The Board of Karnataka Bank at its meeting held on 29 June 2025 has approved the appointment of Raghavendra Srinivas Bhat as the Chief Operating Officer (COO) of the Bank with effect from 02 July 2025.Powered by Capital Market - Live

The Board of Karnataka Bank at its meeting held on 29 June 2025 has accepted the resignation of Sekhar Rao (DIN: 06830595), Executive Director of the Bank with effect from 31 July 2025. Powered by Capital Market - Live

Stocks to Watch: Karnataka Bank's managing director (MD) and chief executive officer (CEO), Srikrishnan Hari Hara Sarma has resigned with effect from 15 July 2025. The board has also appointed Raghavendra Srinivas Bhat as the chief operating officer (COO) with effect from 2 July 2025. Torrent Pharmaceuticals will acquire JB Chemicals from KKR in two phased at equity valuation of Rs 25,689 crore. Waaree Energies said that its wholly owned subsidiary, Waaree Solar Americas received an order for supply 540 MW modules from a renowned customer who is a developer of utility scale solar and energy storage projects across United States. Asian Paints said that it has acquired balanced 40% stake in Obgenix Software (White Teak) from its promoters, Pawan Mehta, Gagan Mehta for total consideration of Rs 188 crore. Rattanindia Enterprises said that its board is scheduled to meet on Wednesday, 2 July 2025, to consider raising funds through a rights issue or any other permissible mode. Bharat Heavy Electricals (BHEL) said that it has received a letter of award (LoA) from Adani Power (APL) for setting up six thermal units of 800 MW. The total value of these contracts is Rs 6,500 crore, the company stated. Prestige Estates Projects said that it has entered into an agreement with Arihant Group for jointly acquiring an agreement to jointly acquire a prime 3.48-acre land parcel in Velachery, Chennai from Rane Madras. The land is earmarked for the development of premium residential dwellings with a total development potential of approximately 7.5 lakh square feet and an estimated gross development value (GDV) of over Rs 1,600 crore. Granules India announced that its wholly-owned foreign subsidiary, located in Chantilly, Virginia, USA, has received one observation in Form 483 from the United States Food and Drug Administration (USFDA).Powered by Capital Market - Live

However, the corresponding previous year figures are not directly comparable due to changes in accounting policy for investments (as per master direction issued by RBI) since April 2024. Had the bank continued to follow the earlier accounting policy, profit before tax would have been higher by Rs 147.51 crore. Excluding the impact of the above and the additional actuarial estimates for retirement benefits of Rs 113 crore, the adjusted profit after tax of the bank would have been Rs 372 crore for Q4 FY25 (Y-o-Y growth of 35.6%). The bank's total income rose 2.55% YoY to Rs 2,686.69 crore in Q4 FY25. Net interest income fell 6.40% YoY to Rs 780.68 crore in Q4 FY25. Net interest margin stood at 2.98% in Q4 FY25 as against 3.32% in Q4 FY24. The bank said that it made notable improvements in its three primary objectives of expanding the distribution network, improving the quality of asset book and working towards improving financial metrics. In Q4 FY25, the bank's aggregate deposits stood at Rs 1,04,807.49 crore registering YoY growth of 6.96%, while gross advances stood at Rs 77,958.72 crore registering YoY growth of 6.79%. CASA deposits grew by 6.35%, from Rs 31,293 crore as on 31 st March 2024 to Rs 33,281 crore as on 31 March 2025, a net accretion of Rs 1,988 crore. CASA ratio (%) fell to 31.75% in Q4 FY25, down 19 bps as against 31.94% in Q4 FY24. The asset quality has improved during FY'24-25 with GNPA % declining by 45 bps to 3.08% from 3.53% as compared to March 2024. Similarly, the NNPA% also declined by 27 bps to 1.31 % from 1.58% as compared to March 2024. The PCR has improved to 81.42% in March 2025 (from 79.22% in March 2024). The bank is comfortably capitalized with a CRAR of 19.85%. The bank posted a net profit for the full year 2024-25 of Rs 1,272.37 crore, as against Rs 1,306.28 crore earned during the corresponding period previous year, a decline (Y-o-Y) of 2.60%. Total income rose 6.92% YoY to Rs 10,283.12 crore in FY25. The bank's board has recomended a dividend of Rs 5 per equity share for the financial year ended 31 March 2025. Srikrishnan H, managing director & CEO of the bank said Kamataka Bank's focus in developing retail, mid-market and direct-to-corporate lending businesses is picking up steam as reflected in the book growth during the last few quarters. The bank is well-positioned on the liability franchise, digital and branch-led distribution. Based on sound financial parameters achieved during the year, substantial improvement in the book quality and improved technology platforms and processes, the outlook for FY'25-26 looks very promising. Sekhar Rao, executive director of the bank, reflecting on the bank's performance stated, FY25 was a year marked by macroeconomic headwinds, tightening liquidity, and pressure on Net Interest Margins (NIMs). Despite these, we demonstrated resilience and adaptability, delivering a stable performance and reinforcing our strategic priorities. A key driver of our progress this year was our increased focus on the retail segment. By deepening customer engagement, expanding digital offerings, and tailoring financial products to meet evolving household and small business needs, we achieved healthy growth in retail advances and improved portfolio diversification. Looking ahead, we believe our sharpened focus on retail banking, combined with a robust digital backbone and customer-centric approach, positions us well for sustained, inclusive growth. We thank all our stakeholders for their continued trust and support. Karnataka Bank, a leading 'A' Class Scheduled Commercial Bank in India, was incorporated on 18th February 1924 at Mangaluru. Powered by Capital Market - Live

Karnataka Bank announced that the Board of Directors of the Company at its meeting held on 14 May 2025, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Karnataka Bank declined 7.95% to Rs 252.62 crore in the quarter ended March 2025 as against Rs 274.43 crore during the previous quarter ended March 2024. Total Operating Income rose 2.63% to Rs 2258.46 crore in the quarter ended March 2025 as against Rs 2200.56 crore during the previous quarter ended March 2024. For the full year,net profit declined 2.58% to Rs 1272.84 crore in the year ended March 2025 as against Rs 1306.61 crore during the previous year ended March 2024. Total Operating Income rose 8.62% to Rs 9013.60 crore in the year ended March 2025 as against Rs 8298.50 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Total Operating Income2258.462200.56 3 9013.608298.50 9 OPM %62.0157.36 -67.4063.19 - PBDT344.25315.16 9 1641.131562.97 5 PBT344.25315.16 9 1641.131562.97 5 NP252.62274.43 -8 1272.841306.61 -3 Powered by Capital Market - Live